Next Generation Satellite Communications Ltd : Update on legal action against NEO Telemedia Limited . Arch and Hillgo have filed an inter parte summons on 13 october 2016 in high court of Hong Kong . Summons was filed applying for an order to appoint Vincent Fok & Daniel Chow to be provisional liquidator of NEO .Hearing date for application has been scheduled for 28 october 2016.
Mobile TeleSystems (MTS) : Announces the reduction of its authorized capital to 199.8 million roubles, which consists of 1,998,381,575 ordinary registered shares, from 206.6 million roubles, or 2,066,413,562 shares. . Says the cancellation of 68,031,987 treasury shares will take place before the end of August, 2016. .MTS held 67,995,335 of treasury shares subject to cancellation after the liquidation of its 100-percent subsidiary Mobile TeleSystems Bermuda Limited. The remaining 36,652 of treasuries belonged to MTS as a result of previous reorganization procedures..